Marvell Technology Cash Flow Statement

Financials in millions USD. Fiscal year is March - February.

Millions USD. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 1, 2025	Feb '25 Feb 1, 2025	Feb '24 Feb 3, 2024	Jan '23 Jan 28, 2023	Jan '22 Jan 29, 2022	Jan '21 Jan 30, 2021
Net Income	2,474	-885	-933.4	-163.5	-421	-277.3
Depreciation & Amortization	1,334	1,391	1,435	1,425	1,274	663.1
Other Amortization	-	-	-	-	21.6	10
Loss (Gain) From Sale of Assets	-1,830	-	-	-	-	-
Asset Writedown & Restructuring Costs	-9.3	528.8	32.9	5.6	6.2	130.9
Stock-Based Compensation	595.4	597.4	609.8	552.4	460.7	241.5
Other Operating Activities	66.7	-80.3	168.5	119.3	140.5	-18.8
Change in Accounts Receivable	-548.5	93.2	70.6	-142.7	-409	-44.3
Change in Inventory	-189.1	-230	201.9	-385.9	-291.9	29.9
Change in Accounts Payable	-7.4	181.5	-149.1	-87.8	93.2	39.7
Change in Other Net Operating Assets	5.4	84.4	-65.6	-33.4	-55.2	42.6
Operating Cash Flow	1,891	1,681	1,371	1,289	819.3	817.3
Operating Cash Flow Growth	10.33%	22.67%	6.34%	57.30%	0.24%	126.84%
Capital Expenditures	-309.7	-284.6	-336.3	-206.2	-169.2	-106.8
Sale of Property, Plant & Equipment	26.9	-	-	-	-	-
Cash Acquisitions	-	-10.4	-	-112.3	-3,555	-
Divestitures	2,479	-	-	-	-	-
Sale (Purchase) of Intangibles	-4.2	-7	-13.9	-11.1	-17.7	-12.7
Other Investing Activities	-42	1.3	-0.3	1.2	-3.2	-0.1
Investing Cash Flow	2,150	-300.7	-350.5	-328.4	-3,745	-119.6
Long-Term Debt Issued	-	-	1,295	200	3,896	-
Long-Term Debt Repaid	-	-109.4	-1,623	-265.6	-708	-250
Net Debt Issued (Repaid)	375.2	-109.4	-327.2	-65.6	3,188	-250
Issuance of Common Stock	86.7	87.6	99.2	91.3	84.5	86.6
Repurchase of Common Stock	-2,288	-999.9	-373.7	-342.6	-305.8	-133.3
Common Dividends Paid	-206.2	-207.5	-206.8	-204.4	-191	-160.6
Other Financing Activities	-161.7	-153.8	-171.7	-141.6	15	-139.5
Financing Cash Flow	-2,194	-1,383	-980.2	-662.9	2,791	-596.8
Net Cash Flow	1,846	-2.5	39.8	297.5	-135	100.9
Free Cash Flow	1,581	1,397	1,034	1,083	650.1	710.5
Free Cash Flow Growth	10.71%	35.04%	-4.47%	66.53%	-8.50%	155.23%
Free Cash Flow Margin	20.29%	24.22%	18.78%	18.29%	14.57%	23.93%
Free Cash Flow Per Share	1.82	1.61	1.20	1.27	0.82	1.06
Cash Interest Paid	173.4	173.4	173.7	147.9	91.2	54.6
Cash Income Tax Paid	40.1	40.1	120.6	95.9	7.9	14.2
Levered Free Cash Flow	1,954	1,695	1,457	1,883	893.38	921.16
Unlevered Free Cash Flow	2,077	1,813	1,589	1,990	958.85	954.47
Change in Working Capital	-739.6	129.1	57.8	-649.8	-662.9	67.9

Updated Nov 1, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.